Tag: recede

Roads begin to reopen as flooding starts to recede

Jun. 22—ROCHESTER — Roads across southeastern Minnesota were closed this morning after heavy rains flooded parts of the region. Part of Interstate 90 was closed in Austin, but lanes reopened as of 8 a.m. Saturday, according to Mower County Emergency Manager Amy Bramwell. Parts of Minnesota Highway 56 remain closed in areas, she said, although […]

US Treasury yield forecasts rise as rate cut calls recede

By Sarupya Ganguly BENGALURU (Reuters) – Bond strategists upgraded their U.S. Treasury yield forecasts for coming months as sticky inflation and resilient economic activity have pushed financial markets to temper expectations for Federal Reserve rate cuts this year, a Reuters poll showed. The benchmark U.S. 10-year yield, which moves inversely to bond prices, has surged […]